Nifty Next 50 Surpasses NSE Benchmark with Over 47% Annual Growth: Analysis
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Mumbai, Nov 9 (NationPress) The Nifty Next 50 has significantly outperformed the National Stock Exchange's benchmark over the last year, despite economic uncertainties and varying economic signals, according to a report released on Monday.
According to the Motilal Oswal Asset Management Company’s Global Market Snapshot report, the Nifty Next 50 recorded a growth of 1.17% in November and an impressive 47.29% growth over the past year, while the Nifty 50 saw a decline of 0.31% in November but a growth of 19.86% in the last year.
The report further noted that the Nifty Midcap 150 exhibited a growth of 0.14% in November and 30.97% in the past year. Conversely, the Nifty Smallcap 250 experienced a slight drop of 0.20% in November, yet it reported a growth of 33.69% over the last year.
Among sectoral indices, the IT sector emerged as the leading performer with a gain of 6.8%, followed closely by the defence sector with a 5.7% increase. The defence index notably recorded the highest growth of 83.92% in the year compared to other sector indices. However, the energy, metal, and FMCG sectors experienced declines of 4.6%, 3.1%, and 2.1% respectively in November.
In the previous month, the Nifty 500 remained almost unchanged, dipping by just 0.01%.
Returns were negatively impacted by energy, utilities, and commodities, while the IT, industrials, and financial services sectors provided positive returns.
The S&P 500 achieved its largest monthly gain of 5.7% in November, whereas the Nasdaq 100 surged by 5.2%, spurred by Trump's victory which ignited a market rally. In contrast, emerging market indices continued their downward trend, with both China and Taiwan falling by 4.5%.
Crude oil prices declined by 1.8% in November, as demand remained low in both Asian and North American markets. Gold prices dropped by 3% in November, marking the lowest level in 14 months, while silver experienced a more significant decline of 8.6%. In the cryptocurrency market, Bitcoin recorded a monthly gain of 33.1%, while Ethereum rose by 34.7%.
